Xero accounting software streamlines your financial management, from invoicing to payroll. While it may take time to master its extensive features, the ability to integrate with numerous apps and automate tasks makes it invaluable for small businesses and accountants.

Xero Accounting Solution Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

What is Xero Accounting Solution?

Overview

Xero is a web-based accounting solution offering robust and complex accounting tools to small and medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connect with their banks, accounting tools, their accountant, payment services, trusted advisors and integration with +700 third-party apps through secure, readily available channels at all times via any device. The software currently caters to 1,000,000 users and over 16,000 accounting firms.

The software's accounting and bookkeeping functionalities provide users with efficient compliance tools, a practice management solution, and a cloud-based unified accounting ledger for every client, in one place. The solution now also comes with a project management feature, which wasn’t previously included. With Xero's robust accounting features, small businesses can view their cash flows, transactions, and account details from any location. Online payments allow users to track and manage expenses as well as improve relationships with critical business material suppliers. There are also features that automatically import and code all business transactions accurately.

Pricing: Four pricing packages are offered: Starter ($9/month), Standard ($30/month), and Premium 10 ($70/month). A 30-day free trial is also offered.

USP: Offers all the right tools to manage money in and out of your budgets in a way that will coincide with your business goals and long-term missions. You can also manage personal expenses with the mobile review.

Support: Support is extended via email, phone, live support, and tickets.

Product Advantages: Xero is easy to use and user-friendly, and accumulates highly ranked features that help close crucial accounting gaps. A handy tool for financial management. Easy to set up, no maintenance or hardware costs.

Product Limitations: Importing and exporting data is not very easy. The Payroll module could use improvements.

Xero Accounting Solution Reviews

Overall Rating

4.6

52 Reviews

Rating Distribution

5

star

(38)

4

star

(10)

3

star

(2)

2

star

1

star

(2)

July 2024

A seamless and easy to use tool!

Rishi

Computer Software

Ease of use

10

Value for money

7

Customer Support

10

Functionality

10

Pros

Extremely simple to operate. The interface is highly intuitive and the layout is simple.

Cons

The bank reconciliation feature is not part of the standard subscription package.

June 2024

Great tool for invoicing but needs more features

Mario

Construction

Ease of use

10

Value for money

8

Customer Support

10

Functionality

8

Pros

Very easy to navigate and simple to use, all basic features function as expected when creating invoices.

Cons

It lacks the customization features my business needs. With other tools, I can tailor almost everything, but Xero's customization options are quite limited.

June 2024

Xero doesn't work for me

Joanna

Accounting

Ease of use

1

Value for money

1

Customer Support

1

Functionality

1

Pros

I don't like anything about Xero. It's not intuitive at all.

Cons

The processes are hard to understand. You can't journal to the bank, and there's no logical flow.

June 2024

Xero - Accounting

Lipa

Construction

Ease of use

9

Value for money

9

Customer Support

7

Functionality

9

Pros

Simple to use and comprehend, features great import capabilities, and allows editing of approved sales and payable invoices.

Cons

No feedback at the moment - I'll have more to say after I explore all the features.

June 2024

Xero is an accounting tool that outshines the rest. It makes accounting very reliable

Bodamer

Translation and Localization

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

Xero offers us detailed financial reports that help us assess our financial status. Its security measures are excellent and keep all our data safe. It simplifies tracking our expenses and maintaining a close watch on our spending. Xero provides a secure bookkeeping space that consolidates our financial files and receipts.

Cons

I have no concerns about Xero. It has been excellent and has proven its value to us.

June 2024

user friendly accouting software

Roger

Transportation/Trucking/Railroad

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

This accounting tool is fantastic for monthly transaction recording, financial reporting, and expense tracking. It also excels in data input and output.

Cons

Xero integrates with other applications like Excel, allowing quick data input without manual entry.

June 2024

Cloud-based accounting software

Joana

Media Production

Ease of use

10

Value for money

8

Customer Support

10

Functionality

8

Pros

It can be accessed easily from anywhere, anytime, with real-time updates.

Cons

The cost is higher compared to some competitors, especially for advanced features or additional users.

June 2024

The Best Accounting Software out there.

Sujata

Financial Services

Ease of use

10

Value for money

10

Customer Support

9

Functionality

10

Pros

The pricing plans are very competitive, and the 30-day free trial is quite beneficial. It also allows for adding unlimited users and clients.

Cons

On the lowest-priced plan, quotes and invoices are limited to 20 per month, and multiple currencies are only available on the highest subscription tier.

June 2024

Xero Review

James Edward

Food & Beverages

Ease of use

10

Value for money

10

Customer Support

8

Functionality

10

Pros

Makes accounting simple for non-accountants. Simplifies a very complex process.

Cons

The invoicing process seems unnecessarily complicated.

June 2024

Market leader for a reason

Matthew

Internet

Ease of use

10

Value for money

9

Customer Support

9

Functionality

10

Pros

The user experience is absolutely easy and simple, with continuous improvements over the past decade. They truly understand the end user and build tools to ensure a great experience.

Cons

Be aware that the cost will be increasing.